3 Stocks Raising The Industrial Goods Sector Higher
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Two out of the three major indices are trading up today with the
Dow Jones Industrial Average
(
^DJI
) trading up 55 points (0.3%) at 18,183 as of Monday, March 23, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 2,001 issues advancing vs. 987 declining with 152 unchanged.
The Industrial Goods sector currently sits up 0.6% versus the S&P 500, which is up 0.2%. Top gainers within the sector include
(
), up 6.1%,
(
), up 0.9% and
(
), up 0.7%.
TheStreet would like to highlight 3 stocks pushing the sector higher today:
3.
(
) is one of the companies pushing the Industrial Goods sector higher today. As of noon trading, General Dynamics is up $1.26 (0.9%) to $136.67 on average volume. Thus far, 606,456 shares of General Dynamics exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $135.96-$137.03 after having opened the day at $136.26 as compared to the previous trading day's close of $135.41.
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General Dynamics Corporation operates as aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. General Dynamics has a market cap of $44.9 billion and is part of the aerospace/defense industry. Shares are down 1.6% year-to-date as of the close of trading on Friday. Currently there are 9 analysts who rate General Dynamics a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
General Dynamics
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full
General Dynamics Ratings Report
now.
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2. As of noon trading,
(
) is up $0.46 (0.6%) to $81.65 on light volume. Thus far, 1.6 million shares of Caterpillar exchanged hands as compared to its average daily volume of 6.4 million shares. The stock has ranged in price between $81.02-$81.92 after having opened the day at $81.18 as compared to the previous trading day's close of $81.19.
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Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Caterpillar has a market cap of $48.5 billion and is part of the industrial industry. Shares are down 11.3% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate Caterpillar a buy, 1 analyst rates it a sell, and 13 rate it a hold.
TheStreet Ratings rates
Caterpillar
as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and poor profit margins. Get the full
now.
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1. As of noon trading,
(
) is up $0.24 (0.9%) to $25.64 on light volume. Thus far, 12.8 million shares of General Electric exchanged hands as compared to its average daily volume of 37.1 million shares. The stock has ranged in price between $25.45-$25.74 after having opened the day at $25.48 as compared to the previous trading day's close of $25.40.
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General Electric Company (GE) operates as an infrastructure and financial services company worldwide. General Electric has a market cap of $255.0 billion and is part of the industrial industry. Shares are up 0.5% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who rate General Electric a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
General Electric
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth in net income, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full
General Electric Ratings Report
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider
(
) while those bearish on the industrial goods sector could consider
(
).
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